Paul’s Substack
Paul JacobsonMy personal Substack largely about the Canadian economy.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 90 | Founded | 3 years ago | Last Issue | 5 days ago |
| Active | |||||
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pauljacobson.substack.comLatest Issues
LFS - through 2026-05
Headlines
Full-time employment leads a charge which highlights the volatility of these survey result. Note QC, BC and AB in this aggregate chart.
Uncertainty in the industrial outlook and policy as well as an unstable source population...
GDP - 2026-03 (Q1)
Headlines
The chattering class call this a technical recession when aggregate gdp-expenditure )black line) stays down for 2 quarters. Note the weak results in exports. Expenditure on inventories provides support but that really is becaus...
Payroll Employment and Vacancies -2026-03
Headlines
The payroll employment aggregate has been heading down for several months. The trade engine is sputtering when measured in bodies but adding hours shows some growth. In Y/y growth terms, the aggregate is not bad if you don’t ca...
CPI through 2026-04
Headlines
A war of US choice has created a firestorm of supply effects including gas prices. Our CPI is dominated by supply issues, particularly the goods sector. As supply chains fracture, unravelling may be a story.
Transportation cos...
LFS - 2026-04
Headlines
An unchanged aggregate hides many stories of interest. The initial chart reminds us about the disparity of growth -look at recent performance for QC and ON.
The differences are even bigger when we drill to the distinction betw...
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Authors
The writers behind this newsletter.
Retired Economist - making his analysis available as a public service.
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